Michael and Simon share a sum of money. Michael receives $500. If Michael gets $280 more, the amount of money Simon gets will decrease by 40%. Find the sum of money that the boys share.
| |
Michael |
Simon |
| Before |
500 |
100% |
| Change |
+ 280 |
280 (- 40%) |
| After |
|
60% |
If Michael gets $280 more, it means Simon will receive less money as they share a sum of money.
Amount that Simon gets less in percent = 40%
40% → 280
1% → 280 ÷ 40 = 7
Amount that Simon has
= 100%
= 100 x 7
= $700
Amount that the boys share
= 700 + 500
= $1200
Answer(s): $1200
